USD / JPY - Analysis for the week 07/02/2022
I am semi new to FOREX and this is my first published idea.
Recently price action has been respecting a short term uptrend and has created an ascending wedge. We also have an uptrending RSI.
I would be looking to see what happens if price retraces down to the 115.000 area. It could potentially continue to respect the trend and continue upwards, or I would prefer for it to break the trendline and RSI to go short.
Please critique my analysis, all feedback welcome (both positive and negative)
Thanks.
Recently price action has been respecting a short term uptrend and has created an ascending wedge. We also have an uptrending RSI.
I would be looking to see what happens if price retraces down to the 115.000 area. It could potentially continue to respect the trend and continue upwards, or I would prefer for it to break the trendline and RSI to go short.
Please critique my analysis, all feedback welcome (both positive and negative)
Thanks.
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